5 Key Takeaways From Texas Appraisal Trade Secret Saga
Law360 (July 24, 2020, 5:10 PM EDT) -- A Texas appeals court ordered a new trial in HouseCanary Inc. v. Title Source Inc., vacating an award of $706.2 million in compensatory and punitive damages based on a flawed jury charge.
The case has a curious history. Title Source, now known as Amrock, is the nation's largest independent company offering title insurance, property valuations and closing services. Title Source initially sued vendor HouseCanary, a home-valuation startup, for $5 million for an alleged breach of contract, prompting HouseCanary to countersue for breach of contract, fraud, misappropriation of trade secrets, unjust enrichment, quantum meruit and intentional interference with an existing contract....
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